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Banks

Mboweni to EFF: Treasury has no evidence of rand manipulation by banks

Aug 09 2019 11:27

Minister of Finance Tito Mboweni has told Members of Parliament belonging to the Economic Freedom Fighters that neither National Treasury nor the South African Reserve Bank had evidence of currency manipulation by South Africa’s banks and, therefore, did not investigate it.

Banks

JPMorgan, UBS among five banks facing $1bn FX-rigging suit

Jul 29 2019 13:10

The lawsuit centers on collusion on foreign-exchange trading strategies, for which the European Commission fined Barclays, RBS, Citigroup, JPMorgan and Mitsubishi UFJ Financial Group, a total of €1.07bn in May.

Banks

Old Mutual: Moyo can’t be reinstated, company will be 'ultimate loser'

Jul 19 2019 16:33

Advocate Hamilton Maenetje the loss of confidence in former CEO Peter Moyo came from how he handled a conflict of interest and as oppose to his position in both Old Mutual and NMT Capital, which he had declared.

Banks

Sunday Read: Passwords, malware and why banks aren't the bad guys

Apr 21 2019 09:38

South African Banking Risk Information Centre CEO Kalyani Pillay says she has led an agile and growing organisation that assists banks through a unique model to improve security.

Banks

Goldman Sachs CEO defends bank over $2.7bn scandal

Dec 23 2018 09:03

The head of Goldman Sachs defended the investment bank's handling of the scandal-plagued Malaysian fund 1MDB, saying much criticism of the financial giant was unfair.

Banks

FNB targets SA townships with fintech deal

Nov 27 2018 22:27

First National Bank and a startup financial-technology company in South Africa are partnering to connect informal traders in townships with fast-moving consumer-goods companies.

Banks

Solidarity 'disappointed' after meeting with Discovery over empowerment shares

Nov 26 2018 20:45

Trade Union Solidarity says Discovery has rejected its plea to reconsider its 10% share allocation to black people, in the new bank launched by the health and financial services giant this month.

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